Computation of a government's budgetary cushion Following are extracts from a city's General Fund balance...
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Accounting
Computation of a government's budgetary cushion Following are extracts from a city's General Fund balance sheet and statement of revenues, expenditures, and changes in fund balance. a) How much (in dollars) is available to help balance future budgets? \$ b) Calculate the budgetary cushion. Round the percentage to one decimal. % c) Using the rule of thumb suggested in the text, would the budgetary cushion be considered be considered reasonable, too high, or too low
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